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Mid-session Outlook(10-01-2012)

Nifty is trading between 1st resistance range(4780-4838) since opening and trading between 4815-4832 with mixed intraday patterns for the last 2 hours today.

As trading within crucial resistance range therefore more consolidation is required for next upmoves and 4815-4832 will be watched for next moves confirmations. Although finally up moves above 4838 are expected but mentioned range will also be watched for confirmations.